Teck Resources - TECK Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Teck Resources in the last twelve months. There are currently 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TECK shares.
View TECK analyst ratings or view top-rated stocks.

14 analysts have issued 12-month target prices for Teck Resources' shares. Their TECK share price forecasts range from $42.00 to $63.00. On average, they predict the company's stock price to reach $51.38 in the next year. This suggests a possible upside of 36.3% from the stock's current price.
View analysts price targets for TECK or view top-rated stocks among Wall Street analysts.

Teck Resources' stock was trading at $28.82 at the start of the year. Since then, TECK shares have increased by 30.8% and is now trading at $37.70.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our TECK earnings forecast.

Teck Resources Limited (NYSE:TECK) posted its quarterly earnings results on Wednesday, October, 27th. The basic materials company reported $1.88 EPS for the quarter, topping analysts' consensus estimates of $1.48 by $0.40. The basic materials company had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.63 billion. Teck Resources had a trailing twelve-month return on equity of 22.53% and a net margin of 22.99%. The company's revenue for the quarter was up 73.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 EPS.

Teck Resources declared a quarterly dividend on Wednesday, November 16th. Stockholders of record on Thursday, December 15th will be paid a dividend of $0.0939 per share on Friday, December 30th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Wednesday, December 14th.
Read our dividend analysis for TECK.

Teck Resources (NYSE:TECK) pays an annual dividend of $0.38 per share and currently has a dividend yield of 1.01%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 5.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TECK will have a dividend payout ratio of 9.62% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TECK.

Based on aggregate information from My MarketBeat watchlists, some companies that other Teck Resources investors own include Teck Resources (TECK.B), Bank of America (BAC), Intelsat (I), Freeport-McMoRan (FCX), Micron Technology (MU), AMC Entertainment (AMC), Fossil Group (FOSL), Ciena (CIEN), Associated British Foods (ABF) and Chaarat Gold (CGH).

Teck Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "TECK."

Teck Resources' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (3.09%), Davis Selected Advisers (2.53%), Dimensional Fund Advisors LP (1.20%), CIBC Asset Management Inc (1.11%), Letko Brosseau & Associates Inc. (1.06%) and Bank of Montreal Can (0.96%).

Shares of TECK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TECK stock can currently be purchased for approximately $37.70.

Teck Resources (NYSE:TECK) has a market capitalization of $19.02 billion and generates $10.76 billion in revenue each year. The basic materials company earns $2.29 billion in net income (profit) each year or $6.57 on an earnings per share basis.

The company employs 10,600 workers across the globe.

Teck Resources' mailing address is 550 BURRARD ST SUITE 3300 BENTALL 5, VANCOUVER A1, V6C 0B3. The official website for the company is www.teck.com. The basic materials company can be reached via phone at (604) 699-4000, via email at investors@teck.com, or via fax at 604-699-4750.